Sunday, December 4, 2011

How much cash are you allowed to carry with you on an airplane trip overseas?

What is the limit for the amount much cash a person can carry with them on an airplane trip overseas? What would happen if someone tried to take a large amount of cash with them on an airplane?|||No problem with the airline!

But yes with Customs:

As from 15 June 2007, people travelling directly to or from a country outside the European Union (EU)*and carrying 10,000 euros or more (or the equivalent amount in another currency) will be required to declare the cash to HM Revenue and Customs (HMRC) at the place of their departure from, or arrival in, the United Kingdom.( “Cash” not only means currency notes and coins but also bankers’ drafts and cheques of any kind, including travellers’ cheques.) This measure will apply in all EU countries having been introduced under European Parliament and Council Regulation No1889/2005 to help combat money laundering.

Forms on which to make the declaration will be available at ports and airports. Travellers will be liable to financial penalties if they fail to comply with the obligation to declare or provide incomplete or incorrect information.

There will still be no requirement to declare cash for people travelling to or from another EU country.

HMRC officers will not detain properly declared cash if they have no reason to doubt its legitimacy. However, as with cash in amounts of £1000 or more found at any place within the UK, under the Proceeds of Crime Act 2002 (POCA), it may be seized if an officer has reasonable grounds to suspect it is either the proceeds of, or is intended for use in, unlawful conduct.

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Currency

There is no limit to the amount of currency you can bring in or out of Australia. However, you must declare amounts of A$10,000 or more in Australian currency or foreign equivalent. If asked by Customs you must also fill in a Bearer Negotiable Instruments (BNI) form if you're carrying promissory notes, travellers cheques, personal cheques, money orders or postal orders.

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10. How much cash may I bring with me for my trip?

There is no limit on the total amount of money or monetary instruments that may be brought into or taken out of the United States. However, if you transport or cause to be transported, more than $10,000 in monetary instruments on any occasion into or out of the United States, or if you receive more than that amount, in behalf of someone else and then transport it, you must file a Customs Form 4790 with U.S. Customs. Failure to comply can result in civil and criminal penalties, including seizure of the currency or monetary instruments. Monetary instruments include U.S. or foreign coins, currency, traveler's checks, money orders, and negotiable instruments or investment securities in bearer form are all considered when determining the total $10,000 reporting requirement.|||In the case of persons carrying more than USD 10,000 into or out of the U.S., the current form is FinCEN 105. When leaving the United States, even if no one asks, the traveller has the responsibility to seek out the customs officer.

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|||As far as I know, no airline has any rules against taking cash of any amount onto an airplane (although you may find that in the event of theft or accident, it won't be insured).

Where you have a problem is with the law and/or customs in the countries you fly to/from:

Some police get suspicious of anyone with a lot of cash (could be crime, money laundering, etc) whether you're on an airplane or on the street.

Some countries have currency restrictions that state it is illegal to carry large sums into, or out of, their country.

Some countries, it is illegal to carry any amount of their currency

Again, this is independent of your mode of travel - plane, boat, car...

Check the embassy/customs webpages of where you will be flying to/from or your travel agent. Contravening currency regulations can be serious! Turkmenistan, for example, is a 10 year prison sentence|||well the obvious would happen don't you think, the best way is to get travelers checks or American express checks that way its secure, the most on a person i had about 2000 euros, so maybe more or if you mix it up 2000 euros, 1000 us dollars, or travelers checks, but send the rest through the mail money order, or send travelers check to the place your going, or have a person stay here one person goes to where ever go to western union then send the money that way and have the other person meet you at the said location|||USD $10,000